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NEW DELHI/BEIJING: China's top carmaker SAIC Motor Corp and Great Wall Motor, its biggest maker of SUVs, are spearheading the country's first major push into India, one of the world's fastest growing auto markets, as growth at home stagnates. The entry is late and risky - global carmakers like Volkswagen AG, Ford Motor and General Motors have struggled to push sales in the cost conscious Indian market despite being here for more than a decade. Chinese cars also suffer from perceptions of poor quality in India.

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Honda Motor (NYSE:HMC) is investing $328 million to construct a new automobile plant in Indonesia to boost production of its multi-purpose vehicles (MPV) such as Brio and Jazz. Honda is not the only auto company looking to expand manufacturing in Indonesia. The country’s low costs are attracting the attention of auto giants to ramp up production.

TOKYO: Japanese auto major Honda is 'seriously' considering possibilities of expanding its small car portfolio in India to meet the rising demand in the market, even as it works on enhancing vehicle development capability in its operations there. The company, which has made India one of its global components export hubs, also sees 'ample room' of growth for export of cars from the country with increased competitiveness of finished vehicles produced there.

NEW DELHI: Passenger car sales remained firm in August as companies rolled out new models and increased dispatches to build up inventory for the forthcoming festive season amid softening fuel prices. Strong sales by Maruti Suzuki and Hyundai Motors helped the passenger vehicle segment grow in the range of 6-7 per cent in August. Maruti's sales increased 8.6 per cent to 1.06 lakh units, while Hyundai Motors posted record sales of 40,505 units, growing 20 per cent year on year.

If you think that Japanese automakers in any way lag behind in stealing the glamor of Ford’s Mustang GT or General Motors’ Bolt and Volt, then you are dead wrong; last week at the 2015 Detroit Auto Show, Honda Motor Co Ltd (ADR) (NYSE:HMC) revealed its most-awaited su

Honda Motor Co Ltd.’s (ADR)(NYSE:HMC) dream of the next-generation fuel-cell concept became reality when the Japanese-based automaker revealed its Fuel Cell Vehicle (FCV) concept at the 2015 North America International Auto Show. We’ve been hearing about it for almost a year now, and the futuristic vehicle with an almost sci-fi look was displayed Tuesday.

Volkswagen AG, Europe’s largest automaker, will maintain a high level of spending on developing new vehicles and upgrading factories over the coming five years to underpin its bid to become the world’s largest automaker.
VW plans to invest 84.2 billion euros (US$114 billion) through 2018, the Wolfsburg, Germany-based company said today in a statement. The plan calls for a reduction in average annual spending on property, plants and equipment of about 500 million euros a year, compared with its previous budget.

NEW DELHI: Japan has offered to finance India's first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent, officials said, stealing a march on China, which is bidding for other projects on the world's fourth-largest network. Tokyo was picked to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad, the commercial capital of Prime Minister Narendra Modi's home state, and concluded it would be technically and financially viable.

NEW DELHI: Since 2010, India and Japan have been engaged in intensive negotiations on a civil nuclear agreement, which has challenged all Japanese notions of its unique nuclear position in the world. In the last few weeks, Amandeep Gill in the ministry of external affairs and later foreign secretary S Jaishankar traveled to Japan to "freeze" the text of what will become India's second-most valuable international civil nuclear agreement. Why did Japan give in?